PNC Financial Services Group Inc. Has $28.74 Million Stake in KKR & Co. Inc. $KKR

PNC Financial Services Group Inc. raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,017 shares of the asset manager’s stock after acquiring an additional 12,687 shares during the period. PNC Financial Services Group Inc.’s holdings in KKR & Co. Inc. were worth $28,737,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in KKR & Co. Inc. during the 4th quarter valued at $218,000. CWM LLC boosted its holdings in KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after purchasing an additional 398 shares during the period. Mayflower Financial Advisors LLC grew its position in KKR & Co. Inc. by 5.6% in the 1st quarter. Mayflower Financial Advisors LLC now owns 2,769 shares of the asset manager’s stock worth $320,000 after purchasing an additional 147 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of KKR & Co. Inc. by 11.9% during the 1st quarter. Forum Financial Management LP now owns 9,589 shares of the asset manager’s stock worth $1,109,000 after purchasing an additional 1,023 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KKR. Oppenheimer decreased their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. TD Cowen cut their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Citigroup lowered their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $157.79.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $119.96 on Friday. The business has a 50 day simple moving average of $128.26 and a 200 day simple moving average of $131.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $106.93 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $1.38 earnings per share. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.